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Charlie Munger: Don’t Start a Business — Do This Instead to Get Rich

Most people think starting a business is the only way to get rich. Quit your job. Take the leap. Follow your passion. But Charlie Munger says that advice destroys more lives than it helps. After decades of investing and studying businesses, he discovered a hard truth: for most people, entrepreneurship isn’t freedom — it’s financial risk, stress, and failure.

In this video, you’ll learn why most businesses fail, the dangerous myth of “be your own boss,” and the real strategy that quietly builds wealth for ordinary people. Instead of gambling your savings on a startup, Charlie explains a smarter path: earn a strong income, live below your means, and invest consistently for decades. It’s not flashy, but it works.

We break down the math of compound interest, the difference between investing and entrepreneurship, the only situation where starting a business makes sense, and what to do if your current business is already failing. This is practical, probability-based advice that focuses on long-term wealth, not hype.

If you’re thinking about quitting your job or starting a business, watch this first. One smart decision today can save you years of stress and lost money.

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